20160129
Short 1 ES 1900.5, -1.0
Short 3 TF 1016.6, 1017.1, 1017.7, -0.0, +1.5, -0.4
Short 1 NQ 4215.75, +2.0
Short 2 TF 1120.2, 1119.7, -0.4, +0.5
Short 2 TF 1121.0, 1120.7, -0.6, +1.0
Short 1 TF 1120.6, +2.0
Long 1 TF 1015.4, +2.0
Total ES -1.0
Total NQ +2.0
Total TF +5.6
The market's behavior is often perversely designed to encourage you to do the wrong thing at the wrong time, especially on Persistent Trend Days. Yes, the first trend direction of the day will eventually fail, but on a Persistent Trend Day that seems to come out of nowhere, it's repeated impulse spikes are surprising. The reversal signals appear and offer your position encouraging results, so you hold, thinking it would be cowardice and a crime to take profits too soon. ....only to have the market surge back into new extremes to stop your proposed big runner out. Then, when a more final, exhaustive sell signal does appear, you nearly miss it, and this time you are so please to be capturing at least a decent profit that you let it go too quickly and forego all the gratification of holding the right runner you mistakenly took for earlier reversals. It doesn't matter how stupid you look. Take each position for what it is. Acknowledge the signs of a possible Persistent Trend immediately as they appear, and take any profit gained accordingly. Wait for that more exhaustive signal that finally comes after a true WorkDone target has finally been achieved, and when a true pullback finally appears, hold on and give the position a chance. Stay calm. Don't let your early mistakes rattle you. You've seen this before. Let the market speak. Just listen. Accept it for what it is, and modify your behavior accordingly.
